Mobile Wallet Market Size, Share and Forecast by P&S Market Research
The SMS segment dominated the mode of payment category of the global market by holding a significant amount of market share. In 2014, Asia-Pacific was the largest mobile wallet market. The market in Middle East & Africa is growing at a rapid pace, due to the increasing domestic and international money transfers. The market in South Africa is boosted by foreign visitors, which is driving the growth of the market in the region.
The SMS segment dominated the mode of payment category of the global market by holding a significant amount of market share. In 2014, Asia-Pacific was the largest mobile wallet market. The market in Middle East & Africa is growing at a rapid pace, due to the increasing domestic and international money transfers. The market in South Africa is boosted by foreign visitors, which is driving the growth of the market in the region.
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Global <strong>Mobile</strong> <strong>Wallet</strong> <strong>Market</strong> is Expected to Grow at 52% CAGR During 2015 –<br />
2020<br />
The global mobile wallet market is expected to grow from $232.9 billion in 2014, <strong>and</strong> reach $3155.1 billion in<br />
2020, growing with a CAGR of 52.0%. The growth in smartphone <strong>and</strong> mobile internet users, <strong>and</strong> convenience <strong>and</strong><br />
accessibility are some of the factors, driving the growth of the global mobile wallet market. The growing<br />
preference for reward <strong>and</strong> loyalty programs is expected to give a major boost to the growth of the global mobile<br />
wallet market in future.<br />
<strong>Mobile</strong> wallets provide increased accessibility <strong>and</strong> convenience over physical wallets, as users no longer need to<br />
carry their physical cards, including other confidential information such as passports <strong>and</strong> boarding passes. The<br />
increased use of mobile commerce is a trend witnessed in the global mobile wallet industry. The buying <strong>and</strong><br />
selling of services <strong>and</strong> goods through wireless h<strong>and</strong>held devices, such as personal digital assistants (PDAs) <strong>and</strong><br />
cellular telephone is known as mobile commerce or m-commerce. The mobile wallet market is witnessing strong<br />
growth globally, with the increasing adoption of mobile payment services.<br />
Explore Report with Detailed TOC on “Global <strong>Mobile</strong> <strong>Wallet</strong> <strong>Market</strong>” at:<br />
https://www.psmarketresearch.com/market-analysis/mobile-wallet-market<br />
The information <strong>and</strong> data in the publication “Global <strong>Mobile</strong> <strong>Wallet</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, Development, Growth<br />
<strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> to 2020” represent the research <strong>and</strong> analysis of data from various primary <strong>and</strong> secondary<br />
sources. Bottom-up approach has been used to calculate the mobile wallet market <strong>by</strong> application, age group <strong>and</strong><br />
mode of payment. The market numbers for countries are obtained through top-down approach. P&S <strong>Market</strong><br />
<strong>Research</strong> analysts <strong>and</strong> consultants interact with leading companies of the concerned domain to substantiate<br />
every value of data presented in this report. The company bases its primary research on discussions with<br />
prominent professionals <strong>and</strong> analysts in the industry, which is aided <strong>by</strong> informed <strong>and</strong> detailed, online <strong>and</strong> offline<br />
research.<br />
Ask for Sample Pages: https://www.psmarketresearch.com/market-analysis/mobile-wallet-market/report-sample<br />
TABLE OF CONTENT<br />
Chapter 1. <strong>Research</strong> Scope & Methodology<br />
1.1 <strong>Market</strong> Definition<br />
1.2 <strong>Market</strong> Scope<br />
1.2.1 <strong>Market</strong> breakdown <strong>by</strong> application<br />
1.2.2 <strong>Market</strong> breakdown <strong>by</strong> mode of payment<br />
1.2.3 <strong>Market</strong> breakdown <strong>by</strong> age group<br />
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